Bloomberg ETF analyst: BlackRock's IBIT Bitcoin holdings may soon reach a market cap of $100.00 billion

Bloomberg Intelligence ETF senior analyst Eric Balchunas posted on the X platform that BlackRock's spot Bitcoin ETF IBIT may reach $100.00 billion in size this summer, and it may actually happen this month. Thanks to recent inflows and overnight gains, it has already reached $88.00 billion in size. Established only a year and a half ago, it is now the 20th largest ETF in the United States and the 7th largest ETF of BlackRock (and also its most profitable ETF). [Odaily Planet Daily News]